As of 2017, eChecks are an established online payment method that enjoys high popularity all over the world. Virtually all major payment gateways offer eCheck payment options together with various other payment services. As of 2017, paying by eCheck is still among the most secure and affordable methods of making a payment directly from your
If you are starting a new business, having diverse payment processing options is crucial to recruiting and maintaining clients. One vital payment processing option that you must provide is electronic check payment processing. This new technology is hassle free, simplifies check cashing and ensures that your business gets paid quicker. Before signing with a payment
Don’t believe the hype. Millennials still prefer to use cash and checks over online or mobile payment methods. Despite the buzz about Millennials abandoning traditional forms of payment, a new report by Aite Group shows 58% of Millennials (ages 26 to 34) and 53% of Millennials (18-25) wrote checks last year to pay another person.
1. What is an eCheck? An electronic check (also known as an eCheck or a Back Office Conversion (BOC)) is an electronic version of a paper check. As technology changes the way things are done, people saw the need to convert traditional checks into electronic payments that can be processed through Automated Clearing Houses (ACHs),